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Price Performance indicator [For MarkD]
You said that, for comparing two stocks (e.g., two semiconductors: ADM and TXN), the “Price Performance” indicator is easier to use. I have questions.
(1) To create the chart, which of the two stocks symbol do I use?
(2) If I wanted the “Price Performance” indicator to reflect the results for the last three months, the chart’s length should be three months. Am I right?
(3) What symbol(s) do I use w/ the “Price Performance” indicator? My guess is the symbols for the two stocks separated by a colon (e.g., ADM:TXN). Am I right?
(4) Using ADM:TXN, if the % shown is positive (above the zero line) ADM did better than TXN and if the % shown is negative (below the zero line) ADM did worse than TXN. Am I right?
(5) On the other hand, reversing the symbols, using TXN:ADM, the results would be reversed. Am I right?
(6) So the order is not important. Am I right?
(7) Do I add an overlay? Since there is a zero line, my guess is no. Am I right?